Sawiris acknowledged a recent slowdown in sales and noted a significant increase in the number of units being returned by buyers. To adapt to these market shifts, he said that Ora Developers decided to slow down its sales this year, even after achieving contracted sales of 50 billion Egyptian pounds since the beginning of the year.
He also reiterated that offering long-term payment plans is the role of banks, not developers. Sawiris stated that the government's practice of selling state-owned units with low down payments, as little as 2%, harms private real estate companies.